IslamicFinance.de

AlKhair Capital Dubai has successfully managed the last listing of Sukuk by the Saudi property developer Dar Al Arkan Real Estate & Development Company. AlKhair Capital Dubai was the financial advisor for the Sukuk listings program on Nasdaq Dubai, with a total value of $1.15 billion. The Sukuk program, in US dollars, included a $400 million, listing - the third tranche which was issued last month and orders opened on May 20, 2014. The value of the orders was 2.3 oversubscribed the size of the tranche exporters. The third tranche was issued for five years and will mature on May 28, 2019 at a coupon rate of 6.50%.